Maus0728
Legendary
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Activity: 2030
Merit: 1582
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March 17, 2022, 09:42:36 PM |
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Like the image above, it's happens to me almost all the time and I don't know if any one here can relate? At times, it's really frustrating and I feel like "maybe some witches are out there preventing me from making profit off my investment" 😂. So what you all think? Do you experience this kind of stuffs too? Feel free to share your story with us. You only get frustrated because you haven't let yourself have a trading strategy before making a position on a certain coin in market. Remember that before we buy, we should have a solid plan on where to set the buy and when to sell it. I experienced it ofcourse by the time I was just spending pennies on some coins just to prove if my readings would be right. But from time to time, you will really learn that you should be reading both the pattern and the fundamentals (or current news regarding the market/coin you are buying) before really making a move. Maybe try to use small amounts first so you wouldn't be frustrated. Or just think that you will lose your investment already so you can be fine once you really lose it.
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usekevin
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March 17, 2022, 10:11:28 PM |
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It was a common one.It's happening to all the people including yourself.When the market upto to the top, we think life. We will sell when maximum occurrence in the price.Unfortunately we don't know the exact price, to which the value will reach.So we will miss that opportunity.Then when come to top, the price again reduce to low.At that time, we like to buy some coin.But we don't have any single dollars on bank.When we hold, the price will keep the mid path.
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Oilacris
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March 18, 2022, 12:19:01 AM |
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It was a common one.It's happening to all the people including yourself.When the market upto to the top, we think life. We will sell when maximum occurrence in the price.Unfortunately we don't know the exact price, to which the value will reach.So we will miss that opportunity.Then when come to top, the price again reduce to low.At that time, we like to buy some coin.But we don't have any single dollars on bank.When we hold, the price will keep the mid path.
When you do have money to invest then DCA would be the key but of course you do only invest on the amount which you could afford to lose because there is no assurance into this market since from the beginning thats why you should be aware of those risks and all of us did really able to experience up these things on which we do commit out mistakes and boggle up our minds on whats happening. once you do get sufficient market experience then you would really be finding this to be a normal or casual stuff to happen.
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CryptopreneurBrainboss
Legendary
Online
Activity: 2436
Merit: 4286
eXch.cx - Automatic crypto Swap Exchange.
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March 18, 2022, 05:49:33 AM |
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Also, most traders don't know when to sell their coin but instead hold on to it so they are too late to sell at the right price.
No jokes here, you see traders putting emphasis on when to buy and how to buy but nothing gets talked about when to sell. Many traders don't know how to sell or when to sell. Some get attached to their coins that it becomes a problem selling or leads them into making bad decision, timing the market to get the best profit. I always advise, if you know you'll still sell that coin then it's best you make a decision to sell in the bull market and not when things aren't going great for the coin (in the bear market). You must not sell at the top but always sell in profit. If you aren't convince that your timing is right then just as you dollar cost average your buys, do the same for your sells and you won't have regrets. Also after selling, you should only monitor for dips to buy back and not get overworked because the price is pumping.
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Maestro75
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March 18, 2022, 06:24:18 AM |
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You must not sell at the top but always sell in profit.
To sell in profit is everybody's target but every trader will like to increase that profit and get more out of it. That is what makes people target the top to sell. Nobody wants to take small profit and leave the rest to the market. It is not bad to be a little greedy to want more but whoever that is targeting more profit has to be careful so the market does not go back in loss on them.
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Sled
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March 18, 2022, 09:43:58 AM |
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Market is very unpredictable, it could go both ways, up or down, lucky if it goes sideways. It's annoying if it always goes the way you mentioned.
To lose in trading is quite expected knowing the case that the market is really unpredictable. It was really hard for us after buying the price dumps instantly. Obviously, we could think how bad the market was but somehow, we have to think also that the market moves in an up and down direction, we'd sometimes got unlucky. However, if we manage to keep ourselves not going to panic and hold our coins, there is no way we lose even a few bucks, we still make a profit once the price rolls back high again.
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tvplus006
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Merit: 1945
To the Moon
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March 18, 2022, 10:23:12 AM |
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To sell in profit is everybody's target but every trader will like to increase that profit and get more out of it. That is what makes people target the top to sell. Nobody wants to take small profit and leave the rest to the market. It is not bad to be a little greedy to want more but whoever that is targeting more profit has to be careful so the market does not go back in loss on them.
If you are aiming to make a profit, you are obliged to partially fix your position when the price reaches the resistance level. After that, you need to set a stop loss and move it higher following the price if the market continues to grow, continuing to fix your profit.
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bitgolden
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Leading Crypto Sports Betting & Casino Platform
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March 18, 2022, 07:25:21 PM |
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most traders don't know when to sell their coin but instead hold on to it so they are too late to sell at the right price. Have skills in analyzing but you should also have other factors, namely controlling yourself so that you are not too greedy in taking profits. Many of these traders want to get big profits, so they forget that prices will not always be high, so it's better to take profits if you have made a profit. Don't wait any longer because the market can change and drop immediately in the next minute or hour.
This depends on the type of person they are. If they are a long term holders and fine with that, even when they are trading, if they make a good trade then they would be willing to hold even longer, or a bad trade means they can hold even longer. Or if they are day traders, they would know when to sell, any proper day trader would know when to get into something and when to get out of it. This is how people make money in day trading, knowing when to get out before it even reaches there. If you do not prepare that number beforehand, then you are going to end up with a big loss to begin with. I personally like long term, but day traders are different and the final results also having big differences. Both investing and trading with crypto need lots of preparations and plans and if you are not ready to give them, better do not involve with cryptos in any means.
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Johnyz
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March 18, 2022, 08:36:19 PM |
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To sell in profit is everybody's target but every trader will like to increase that profit and get more out of it. That is what makes people target the top to sell. Nobody wants to take small profit and leave the rest to the market. It is not bad to be a little greedy to want more but whoever that is targeting more profit has to be careful so the market does not go back in loss on them.
If you are aiming to make a profit, you are obliged to partially fix your position when the price reaches the resistance level. After that, you need to set a stop loss and move it higher following the price if the market continues to grow, continuing to fix your profit. This is the best strategy, we should always have this because this because its the best way to make profit. To actively monitoring the market while doing your trades is a must, have a target price because if they reach the resistance level it usually drop and hit the support level again though it can go up as well but we don’t want to be more greedy so always follow your trading plan. This happen to me as well, this is very normal.
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fuguebtc
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March 18, 2022, 09:02:02 PM |
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Maybe it has happened to everyone, you are not alone. But when we sit down and reflect on it, maybe it's our trading psychology. We are so expectant and impatient to seek the profit that we forget about the risks it can bring us when we decide to buy a coin.
The market is unpredictable, so always do a thorough analysis before deciding which coin to buy and feel good with what you have.
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jrrsparkles
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Hire Bitcointalk Camp. Manager @ r7promotions.com
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March 19, 2022, 12:24:55 PM |
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Like the image above, it's happens to me almost all the time and I don't know if any one here can relate? At times, it's really frustrating and I feel like "maybe some witches are out there preventing me from making profit off my investment" 😂. So what you all think? Do you experience this kind of stuffs too? Feel free to share your story with us. If it has been like this for you then its time to change your trading strategy, ofcourse nobody can predict the market accurately but we can learn from our mistakes and don't repeat the same in the future will help us to be in profit. HODL will work in long term so anybody expecting short term gains should take the risk and invest on trending coins.
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iv4n
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March 19, 2022, 03:01:06 PM |
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Maybe it has happened to everyone, you are not alone. But when we sit down and reflect on it, maybe it's our trading psychology. We are so expectant and impatient to seek the profit that we forget about the risks it can bring us when we decide to buy a coin.
The market is unpredictable, so always do a thorough analysis before deciding which coin to buy and feel good with what you have.
This has certainly happened to each of us at least a few times! The longer you are in crypto, the more likely it has happened to you more than a few times! Why is this happening? Well, first we are not sure what we are getting into, how much we can trust the project, so after a while, we sell in the hope that we will find something better to invest in! The other thing is that we are impatient! We don't have enough patience to wait, we are in a hurry to make some profit and we sell too early! That’s the story of many of us, at least in the beginning until we figure some things out, we learn from mistakes, and try not to repeat them!
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adzino
Copper Member
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Activity: 3024
Merit: 576
www.Crypto.Games: Multiple coins, multiple games
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March 19, 2022, 04:10:39 PM |
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Like the image above, it's happens to me almost all the time and I don't know if any one here can relate? At times, it's really frustrating and I feel like "maybe some witches are out there preventing me from making profit off my investment" 😂. So what you all think? Do you experience this kind of stuffs too? Feel free to share your story with us. The graph seems to show how meme or shitcoins actually work. Pump and Dump. But yeah, the graph also seems to be true for people that FOMO or falls for FUDs. They see the price going up, the start selling because of greed and fear that the price might crash, but that doesn't happen. The price keeps on going up and they regret selling. Then there are people that see the price skyrocketing, they FOMO and go all in at the wrong time. The market starts to correct and they lose.
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Rengga Jati
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March 19, 2022, 09:37:50 PM |
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Like the image above, it's happened to me almost all the time and I don't know if any one here can relate? At times, it's really frustrating and I feel like "maybe some witches are out there preventing me from making a profit off my investment" 😂. It may be about it's not a fortune yet, and also I am. I think that many people also experience these, moreover if we are impatient enough in waiting for the price increase. But, it is normal, very normal and this often happens. ' that is why there are some ways that I commonly do to face these conditions: - Setting a target of the price to gain certain profits, is about enough profits, as long as the price target has been reached, I will feel enough and take profits, never regret if after taking profits, the price still keeps increasing. Alternatively, don't sell all in when in the first target price, but sell only several percentages based on the targeted price. But once more, this also has other risks. - If the price continuously increasing, you can also make short term trading to gain the price again, however if this is too risky, better to change to other coins that have probabilities for increasing. - Only hold coins that have long term fundamentals and realitsic use cases in the future. Althoguh the price may keep stable, at elast this will be very precious in the future or later
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Oilacris
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March 19, 2022, 10:12:29 PM |
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Maybe it has happened to everyone, you are not alone. But when we sit down and reflect on it, maybe it's our trading psychology. We are so expectant and impatient to seek the profit that we forget about the risks it can bring us when we decide to buy a coin.
The market is unpredictable, so always do a thorough analysis before deciding which coin to buy and feel good with what you have.
This has certainly happened to each of us at least a few times! The longer you are in crypto, the more likely it has happened to you more than a few times! Why is this happening? Well, first we are not sure what we are getting into, how much we can trust the project, so after a while, we sell in the hope that we will find something better to invest in! The other thing is that we are impatient! We don't have enough patience to wait, we are in a hurry to make some profit and we sell too early! That’s the story of many of us, at least in the beginning until we figure some things out, we learn from mistakes, and try not to repeat them! Market is unpredictable thats why expect on something like this because we dont even know on where price would usually go but as you do able to gain experience you would able to handle it out. This is where people do usually gain up knowledge on real experiences towards the market and all of us did really have able to experience this one and this is where we do get knowledge. Wont be sure on what would be the next possible movement but since we are already aware then we do have at least the idea on what we are dealing on.
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kesmex
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March 19, 2022, 11:08:42 PM |
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haha this is a meme of fellow merchants that I always see everywhere, not only on social media, but in the real world this meme is very popular, indeed the thing that makes traders feel confused is when they buy the price goes down, and when they sell it the price goes up, haha , be patient you are not alone, but I am sure this meme will not apply to old traders, because it is all from our own fault, and of course it can be a valuable lesson to be better.
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FanEagle
Legendary
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March 20, 2022, 09:42:05 AM |
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To sell in profit is everybody's target but every trader will like to increase that profit and get more out of it. That is what makes people target the top to sell. Nobody wants to take small profit and leave the rest to the market. It is not bad to be a little greedy to want more but whoever that is targeting more profit has to be careful so the market does not go back in loss on them.
If you are aiming to make a profit, you are obliged to partially fix your position when the price reaches the resistance level. After that, you need to set a stop loss and move it higher following the price if the market continues to grow, continuing to fix your profit. That is what people call trail stop loss. That means if you get to a good and confident level then you would be able to put a higher stop loss than where you bought it from, in that case if it breaks above the resistance level then you could readjust your stop loss to even higher, but if it doesn't reach there and goes back down to lower levels you could at least get out at higher than what you bought. Just to give an example, you bought it at 38k, it became 42k and failing to go higher, you put a stop loss at 40k. This means if it goes higher than 42k then you could end up with a bit better result, if not then you could sell at 40k levels and still be in profit.
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sarmrakib
Full Member
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Merit: 101
Crypto lover
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March 20, 2022, 02:34:58 PM |
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It was a common one.It's happening to all the people including yourself.When the market upto to the top, we think life. We will sell when maximum occurrence in the price.Unfortunately we don't know the exact price, to which the value will reach.So we will miss that opportunity.Then when come to top, the price again reduce to low.At that time, we like to buy some coin.But we don't have any single dollars on bank.When we hold, the price will keep the mid path.
We will not know exactly what market movements will be like and this is why it is important to always follow market movements, besides that before investing or trading we need to set a target first, Don't be greedy as long as it's profitable I don't think it's a problem to sell it Most of the time we loose everything for our greediness .It is the reason for new trader mostly but the chart is perfectly shown my investment what happening with me always .If i buy then market start to goes down and if sell it goes more high .I am so unfortunate on trading still not getting success on this way but i am not loosing my patience and learning to increase more skill on this .I am agree with you on this point that we need to set a target and exit after getting a good return must set stop loss to avoid our losses .Hope i can do better on next .
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South Park
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March 20, 2022, 05:25:15 PM |
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This is normal and we should always remember that the market is unpredictable but you can always avoid losing big money especially if you know how to take profit and how to cut loss.
Analysis is a big key factor here because you will not buy that much on a crashing market, you have to wait for the good signal if its ok to buy now or wait for a deeper prices. Don’t get too emotional here, fix yourself and know what to do next.
It is a very common occurrence to the point that it makes no sense to even think about, no one can know how the market is going to move beforehand, we can speculate and sometimes we will be right and sometimes we will be wrong, that is just the nature of trading, and as long as we are right more often than not and when we are right we earn more money than what we lose then we are doing fine and there is no point in lamenting making these kind of mistakes, because in a way it is the price we need to pay to make profits in the markets.
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palle11
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March 20, 2022, 05:30:44 PM |
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indeed the thing that makes traders feel confused is when they buy the price goes down, and when they sell it the price goes up, haha , be patient you are not alone, but I am sure this meme will not apply to old traders, because it is all from our own fault, and of course it can be a valuable lesson to be better. That is what almost every trader witness but here the difference with older trader is that they now understand that it will happen when they enter into the trade and they are patient. The ways to be sure it doesn't happen all the time or that it starts taking profit after a little while is that you need to be patient to enter at the right time. That happens as charge. Brokers make their own money from there when you enter the trade.
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